I'm new to forex, and this was my first attempt at analysis on this pair. I decided to (theoretically) short yesterday after the pair hit a key daily/weekly resistance area and failed to break through. This together with the fairly symmetrical triangle formation printing added further to my believes that the pair was due to fall.
I'm still in the early days of backtesting ideas before I jump into a demo account, and then hopefully go live near the end of 2016.
I'm still in the early days of backtesting ideas before I jump into a demo account, and then hopefully go live near the end of 2016.
Trade closed: target reached